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A firm is using a machine whose purchase price is $13,000. The installation charge amount to $3,600 and the machine has scrap value of only

A firm is using a machine whose purchase price is $13,000. The installation charge amount to $3,600 and the machine has scrap value of only $1,600 because the firm has a monopoly of this type of work. The maintenance cost in various years is given in the folloniasina tahla. The firm wants to determine after how many years should the machine be replaced

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